Compare Today’s Mortgage Rates for Franklin, Michigan

Pureloan searches mortgage lenders and major banks in Franklin, Michigan 48025 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $87,987 or $244 / month is expected in Franklin and other areas of Oakland county.

Pureloan’s search engine explores all home mortgage options in Franklin, Michigan 48025, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.521891 -83.251852

Summary of Average Mortgage Terms in Franklin, Michigan 48025

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Franklin, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Franklin, MI 48025, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Franklin, MI

Historical Mortgage Rates for Franklin, Michigan 48025 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Franklin, Michigan and around Oakland county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed mortgage 86.08% 83.00% 84.38% 87.84% 89.13% 89.26% 89.76% 88.17%
avg mortgage rate 5.07% 4.79% 3.97% 4.11% 4.54% 4.23% 4.02% 4.23%
% 15 year fixed mortgage 12.03% 13.88% 12.88% 10.70% 9.53% 9.05% 8.54% 10.47%
avg mortgage rate 4.43% 4.06% 3.29% 3.31% 3.58% 3.37% 3.18% 3.40%
Avg credit score 761.24 764.56 762.02 757.46 752.75 749.21 747.88 746.47
Avg LTV (loan to value) 76.88% 78.57% 81.21% 82.38% 83.35% 83.55% 83.55% 82.93%
Avg DTI (debt to income) 32.42 31.68 31.69 32.19 33.12 33.15 33.88 34.39
% First time homebuyer 33.89% 30.18% 28.28% 35.82% 41.22% 40.53% 41.02% 39.25%
Avg mortgage insurance % 4.08% 5.63% 9.53% 10.97% 13.12% 13.43% 13.38% 12.57%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Franklin, Michigan 48025

If you’re looking to buy a new home in Franklin, we have compiled a list of the leading mortgage brokers around Franklin, Michigan 48025 to help you with your search.

Name
Address
Contact

Schreiber Harold

26160 Hawthorne Dr

Franklin MI 48025

(248) 626-6450

Express Lawsuit Funding

30150 Telegraph Rd

Bingham Farms MI 48025

(248) 865-2500

http://www.expresslawsuitfunding.com

Direct Capital Funding

30200 Telegraph Rd

Bingham Farms MI 48025

(248) 530-5600

Remington Mortgage

31100 Telegraph Rd

Bingham Farms MI 48025

(248) 799-5120

http://www.remingtonloan.com

Mortgage U

30300 Telegraph Rd

Bingham Farms MI 48025

(248) 290-2525

kathy@mortgage-u.com

Address

26160 Hawthorne Dr

Franklin MI

Contact

(248) 626-6450

Address

30150 Telegraph Rd

Bingham Farms MI

Contact

(248) 865-2500

http://www.expresslawsuitfunding.com

Address

30200 Telegraph Rd

Bingham Farms MI

Contact

(248) 530-5600

News on Mortgages and Reverse Mortgages for Franklin, Michigan 48025